Damages calculation is an important aspect of litigation or arbitration settlement. The “damage” refers to the amount of profits lost between what is the calculated outcome and what is the actual resulting sum.
A damages calculation expert witness will have an economic or business background, as many details have to be considered within this discipline. Every area of a business must be evaluated in terms of where the finances pass through, as well as how they enter and leave the system within the company for the expert to determine how lost profits may occur. The accounting, valuation, and financial skills of a qualified damages expert are applicable when considering the facts in a case.
It might be important to find an expert knowledgeable within the field that the damages calculation is taking place. The construction industry, for example, has many other things to consider that are exclusively relevant to its field, such as the cost of construction equipment, cost of construction delay, the nature of overhead, labor costs, project scheduling, and cost estimation.
A damages calculation expert must understand the inner workings of a business and how its financial system operates when faced with a case involving damage analysis. Our selection of highly qualified expert witness will provide the expertise that meets the particular needs of your case. Submit an expert request form or simply take the time to browse through our list of experts and call us to connect with a damage calculation expert witness.